National Energy Services Reunited Corp · NASDAQ:NESR
National Energy Services Reunited — Barclays CEO Energy-Power Conference 2018
13 slides from National Energy Services Reunited's conference presentation, September 2018
Slide 1: Barclays Conference | National Energy Services Reunited Corp.
Barclays Conference | National Energy Services Reunited Corp. New York - Sep 2018 Sherif Foda Chairman and Chief Executive Officer
Slide 2: Safe harbor
Safe harbor This presentation contains “forward-looking statements” within the meaning of the U.S. federal securities laws — that is, statements about the future, not about past events. Such statements often contain words such as “expect,” “may,” “believe,” “plan,” “estimate,” “intend,” “anticipate,
Slide 3: NESR – We are unique
NESR – We are unique § Started as a SPAC in May 2017 § Agreed to acquire National Petroleum Services (NPS) and Gulf Energy SAOC (GES) in November 2017 § Transaction closed June 2018 § Trades under the “NESR” ticker on NASDAQ § The first and only NASDAQ-listed national oilfield services company focus
Slide 4: NESR at a glance – Products and Services: Drilling and Evaluation
NESR at a glance – Products and Services Drilling and Evaluation Reach the Reservoir Smarter and Faster Drill Reach Evaluate and Intervene Drilling and Workover Rigs Directional Drilling Slicklines Services Oil and gas well drilling & work overs Directional drilling services & solutions All slicklin
Slide 5: NESR at a glance – Products and Services: Production
NESR at a glance - Products and Services Production Unlock Customer’s Full Reservoir Potential Construct Intervene Produce Cementing Coiled Tubing Artificial Lifting Services Primary & remedial cementing Well intervention services Wide range of artificial lift solutions Laboratory Services Stimulati
Slide 6: NESR at a glance – Geographical Presence
NESR at a glance – Geographical Presence § Head office in Houston and regional offices across MENA and Asia Pacific § Operations Bases: 12 Countries § 3,200 Employees § 19 Product Lines § Clients Portfolio: 25+ Customers (Major IOCs | NOCs | Independents) § Major Operations: KSA | Oman | Qatar | Ira
Slide 7: Our Values
Our Values Customer Centric Customer satisfaction is at the center of everything we do We deliver fit-for-purpose technologies & solutions with best-in-class service People and Teamwork Employee engagement, professional development, diversity and health & safety are top priorities Social Responsibil
Slide 8: NESR – Revenue Streamline
NESR – Revenue Streamline Diverse Segment and Geographic Base to Drive Growth NPS GES NESR Revenue by Segment Revenue Split by Segment Revenue Revenue Split bybyCountry Country Revenue Split by Country |8 Source: NESR Note: Geographic splits and segments splits in % of 2017 Proforma revenue for NESR
Slide 9: Our Positioning and Ambition
Our Positioning and Ambition NPT Hrs Efficiency Exceeding 98.4% 98.3% 97.9% 98.9% Customer Expectations 96.0% Latest Doing Technology Business Adoption Ethically SLBOther HAL Service Providers BHI WFT NESR Largest Client Q2-18 NPT and Efficiency MENA Presence In-Country Employer of Value Choice Crea
Slide 10: Macro dynamics driving growth
Macro dynamics driving growth Kuwait Qatar New reservoirs LNG Demand 0 0 Q1-14 Q1-17 Q4-18 Q1-14 Q1-17 Q4-18 Iraq Large projects UAE Export growth 0 Q1-14 Q1-17 Q4-18 0 Oman Q1-14 Q1-17 Q4-18 Saudi Arabia Grow production Spare capacity 200 0 0 Q1-14 Q1-17 Q4-18 | 10 Q1-14 Q1-17 Q4-18 Rig Counts Sour
Slide 11: Robust growth profile
Robust growth profile NESR 2017A revenue by country Resilient and growing onshore rig market Middle East OFS spend by country ($mm) GCC onshore rig count 280 21,188 21,390 20,735 19,546 19,556 260 3,578 3,182 3,624 16,274 3,995 3,792 1,772 1,454 1,273 240 2,796 1,601 1,554 4,784 4,784 4,527 220 24%
Slide 12: NESR market position outlook
NESR market position outlook § Approximately 5 B$ per quarter market 6% CAGR § Industry analyst estimate of 6% CAGR growth for Middle East market 18.5 B$ § Pricing recovery as well as activity growth 14.5 B$ 4% ~2 B$ § Pricing pressures to continue for a few quarters with timing of tenders 6% ~1 B$
Slide 13: Barclays Conference | National Energy Services Reunited Corp.
Barclays Conference | National Energy Services Reunited Corp. | 13
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